Heritage Trust Co Takes Position in BOK Financial Co. (NASDAQ:BOKF)

Heritage Trust Co bought a new position in BOK Financial Co. (NASDAQ:BOKF) during the 4th quarter, Holdings Channel.com reports. The institutional investor bought 3,167 shares of the bank’s stock, valued at approximately $337,000.

A number of other institutional investors have also recently bought and sold shares of BOKF. BNP Paribas Financial Markets grew its position in BOK Financial by 33.7% during the third quarter. BNP Paribas Financial Markets now owns 4,781 shares of the bank’s stock valued at $500,000 after acquiring an additional 1,204 shares during the period. Quantinno Capital Management LP grew its holdings in shares of BOK Financial by 70.6% during the 3rd quarter. Quantinno Capital Management LP now owns 6,987 shares of the bank’s stock worth $731,000 after purchasing an additional 2,891 shares during the period. Jane Street Group LLC increased its position in BOK Financial by 309.8% during the 3rd quarter. Jane Street Group LLC now owns 44,561 shares of the bank’s stock worth $4,662,000 after purchasing an additional 33,686 shares in the last quarter. XTX Topco Ltd increased its position in shares of BOK Financial by 9.6% in the third quarter. XTX Topco Ltd now owns 3,940 shares of the bank’s stock worth $412,000 after acquiring an additional 346 shares in the last quarter. Finally, Tidal Investments LLC lifted its holdings in shares of BOK Financial by 1.7% during the 3rd quarter. Tidal Investments LLC now owns 8,919 shares of the bank’s stock valued at $933,000 after acquiring an additional 147 shares in the last quarter. 34.44% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

BOKF has been the subject of several recent research reports. Stephens lowered their price target on BOK Financial from $135.00 to $127.00 and set an “equal weight” rating for the company in a report on Wednesday, January 22nd. Barclays lowered their target price on BOK Financial from $115.00 to $110.00 and set an “equal weight” rating for the company in a research note on Tuesday, April 8th. StockNews.com downgraded BOK Financial from a “buy” rating to a “hold” rating in a report on Monday, March 17th. Wells Fargo & Company dropped their price objective on shares of BOK Financial from $120.00 to $100.00 and set an “equal weight” rating on the stock in a research note on Wednesday. Finally, Royal Bank of Canada upped their target price on shares of BOK Financial from $115.00 to $120.00 and gave the company a “sector perform” rating in a research note on Wednesday, January 22nd. Seven analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $117.00.

BOK Financial Trading Down 0.3 %

NASDAQ:BOKF opened at $87.86 on Friday. The company has a quick ratio of 0.79, a current ratio of 0.75 and a debt-to-equity ratio of 0.57. The company has a market cap of $5.64 billion, a PE ratio of 10.81 and a beta of 0.93. BOK Financial Co. has a 52 week low of $85.02 and a 52 week high of $121.58. The business’s 50 day moving average is $103.19 and its two-hundred day moving average is $108.26.

BOK Financial (NASDAQ:BOKF) last released its quarterly earnings results on Friday, January 17th. The bank reported $2.12 EPS for the quarter, topping the consensus estimate of $1.97 by $0.15. BOK Financial had a net margin of 15.32% and a return on equity of 9.86%. On average, analysts predict that BOK Financial Co. will post 8.83 EPS for the current year.

BOK Financial Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, February 26th. Investors of record on Wednesday, February 12th were issued a $0.57 dividend. The ex-dividend date was Wednesday, February 12th. This represents a $2.28 dividend on an annualized basis and a dividend yield of 2.60%. BOK Financial’s payout ratio is currently 28.04%.

BOK Financial Profile

BOK Financial Corporation operates as the financial holding company for BOKF, NA that provides various financial products and services in Oklahoma, Texas, New Mexico, Northwest Arkansas, Colorado, Arizona, and Kansas/Missouri. It operates through three segments: Commercial Banking, Consumer Banking, and Wealth Management.